Frequently Asked Questions
Ajim Capital is registered as a 506(c). This requires LPs to provide proof of accreditation but enables us to publicly discuss our raise while complying with SEC regulations.
Our goal is to increase the accessibility of Ajim Capital to individuals who may have limited networks or are not directly connected to our community, even if they have not previously invested in a fund. This is in response to the lack of transparency within the venture capital industry, where personal connections are often necessary to become a limited partner.
Ajim Capital fund I is a $10M fund, although this may fluctuate slightly based on demand.
Our minimum investment amount is between $100K for individuals and $500K for institutions.
The fund is a standard 10-year fund with a 2% management fee and a 20% carried interest fee.
Yes. This is an SEC requirement. Individuals may qualify as accredited investors based on wealth and income thresholds and other measures of financial sophistication—more details about accreditation on the SEC website.
No! All LPs must understand the risks of venture investing and that past performance does not guarantee future results.
Ongoing charges include administrative fees to AngelList Advisors (1% per year for up to 10 years, capped at $25k per year) and management fees to Ajim Capital Management, LLC (4% for first 2 years, 3% for years 3 & 4, 1% for years 5 - 10). Investors only pay carry if the fund is profitable.
We have a limited number of LP spots. We're seeking people excited to co-invest alongside us or in later-stage funding rounds and are ready to get their hands dirty and help our founders succeed.